The logistics market in APAC is poised to grow by USD 130.18 billion during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. Request free sample pages
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Technavio has announced its latest market research report titled Logistics Market in APAC 2020-2024 (Graphic: Business Wire)
Read the 120-page report with TOC on "Logistics Market Analysis Report by Type (3PL and 4PL), End-users (Manufacturing, Automotive, Food and beverage, and Others), Geography (China, India, and Japan), and the Segment Forecasts, 2020-2024".
The market is driven by the growth in trade between India and China. In addition, the rapid growth in the e-commerce market in China is anticipated to boost the growth of the logistics market.
China and India have signed nearly 25 trade agreements to ensure good trade flow between the countries. The rising trade activities in these countries is creating significant growth opportunities for the logistics and warehousing market. This is encouraging many market players to expand their logistics operations in China and India. For instance, in April 2018, FM Logistic announced its plans to start seven new multi-client facilities (MCFs) in the NCR region of India through its real estate development division, Bati Logistic. The company is expected to invest USD 150 million in this project. These factors are fueling the growth of the logistics market in APAC.
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Major Five Logistics Market Companies:
Agility Public Warehousing Co KSCP
Agility Public Warehousing Co KSCP operates its business through segments such as Logistics and freight forwarding, Rental Revenues, and Other services. The company offers a wide range of logistics services which includes air freight services, ocean freight services, ground transportation, contract logistics, and supply chain solutions.
CEVA Logistics AG
CEVA Logistics AG operates its business through segments such as Freight Management and Contract Logistics. The company offers air freight services, ocean freight services, ground transportation, contract logistics, and supply chain solutions.
C.H. Robinson Worldwide Inc.
C.H. Robinson Worldwide Inc. operates its business through segments such as North American Surface Transportation, Global Forwarding, Robinson Fresh, and All Other and Corporate. The company offers a wide range of logistics services such as truckload services, less than truckload services, ocean shipping, air freight, custom brokerage, trade compliance services, and intermodal services.
DB Schenker operates its business through segments such as Contract Logistics and Land Transport. The company offers a wide range of logistics services which includes air freight services, ocean freight services, ground transportation, contract logistics, and supply chain solutions.
Deutsche Post AG
Deutsche Post AG operates its business through segments such as Post - eCommerce – Parcel, Express, Global forwarding, freight, and Supply chain. The company offers parcel, document & international mail shipping services, freight shipping, and other supply chain solutions.
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Logistics Market Type Outlook (Revenue, USD Billion, 2020-2024)
Logistics Market End-users Outlook (Revenue, USD Billion, 2020-2024)
- Food and beverage
Logistics Market Regional Outlook (Revenue, USD Billion, 2020-2024)
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